Xcel Brands, Inc. (NASDAQ:XELB) Sees Large Decrease in Short Interest

Xcel Brands, Inc. (NASDAQ:XELB - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 32,900 shares, a drop of 87.7% from the February 28th total of 268,300 shares. Based on an average daily volume of 17,900 shares, the short-interest ratio is currently 1.8 days. Approximately 2.2% of the company's shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC raised its holdings in Xcel Brands, Inc. (NASDAQ:XELB - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,452,593 shares of the textile maker's stock after buying an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 as of its most recent SEC filing. Institutional investors own 18.55% of the company's stock.

Xcel Brands Stock Down 17.4 %

Shares of XELB traded down $0.64 during mid-day trading on Friday, hitting $3.03. 26,155 shares of the company's stock were exchanged, compared to its average volume of 7,264. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $7.19 million, a price-to-earnings ratio of -2.94 and a beta of 1.38. The stock's 50-day moving average is $3.60 and its 200-day moving average is $5.55. Xcel Brands has a fifty-two week low of $2.50 and a fifty-two week high of $9.97.

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Wall Street Analyst Weigh In

XELB has been the topic of a number of research analyst reports. Sidoti raised Xcel Brands to a "hold" rating in a research report on Friday, January 31st. StockNews.com started coverage on Xcel Brands in a research note on Sunday, March 23rd. They set a "sell" rating on the stock.

Xcel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.